$SOL
/USDT Technical Analysis & Trade Strategy📈📊
Current Market Overview:
Current Price: $223.08
24h Change: +2.50%
24h High: $227.56
24h Low: $215.68
24h Volume:
SOL: 2.63M
USDT: $582.24M
Average Volume Level (AVL): $222.77
Key Technical Indicators:
1. SAR (0.02, 0.2): $221.08 (SAR is below the price, indicating a bullish trend).
2. Support Level: $216.22 and $215.68 (24h low).
3. Resistance Level: $227.56 (24h high).
Trade Setup
Entry Strategy:
Buy Zone: $221 - $223 (near SAR support and current price).
Confirmation: Bullish continuation above $224 with volume exceeding the AVL of $222.77.
Stop-Loss:
Place a stop-loss at $215 to protect against a breakdown below recent lows.
🎯 Targets:
1. Target 1: $227.50 – Recent 24h high, key short-term resistance.
2. Target 2: $232.00 – Strong resistance level; potential breakout zone.
3. Target 3: $240.00 – Extended target, aligning with bullish momentum.
Indicators Analysis:
SAR: Bullish, as SAR is below the current price.
Depth: Shows 3.31% buying pressure, indicating potential upward momentum.
Volume: Strong 24h volume of $582.24M supports bullish sentiment.
Risk-Reward Ratio:
Stop-Loss: $215
Entry: $223
Targets:
Target 1: $227.50 → Risk/Reward: 1:1.5
Target 2: $232.00 → Risk/Reward: 1:3
Target 3: $240.00 → Risk/Reward: 1:5
Summary:
Current Bias: Bullish as long as price stays above SAR ($221.08).
Buy Zone: $221 - $223 with stop-loss at $215.
Targets: $227.50, $232.00, and $240.00.
#ETHHits4KAgain #MarketNewHype #MicroStrategyJoinsNasdaq100 #CryptoUsersHit18M